RateGenius Overview

Founded with the mission to save people money on their auto loans, RateGenius is an online marketplace that helps customers refinance loans for cars, trucks, SUVs, motorcycles, RVs and ATVs. The company works with over 150 lenders to match customers with competitive rates. RateGenius is headquartered in Austin, Texas, and has an A+ rating from the BBB.

How Do RateGenius’ Auto Loans Work?

With RateGenius' auto refinancing services, individuals can replace an existing auto loan with a new one in order to take advantage of potential savings. Ultimately, RateGenius helps borrowers access a new loan with a lower rate, which can be used to immediately pay off an existing high-rate loan. While paying off the new loan over time, borrowers will accrue less interest than if they had kept their original high-rate loan. On average, customers who use RateGenius to refinance their loans see a $89 drop in their monthly payments.

In general, RateGenius refinances loans using a term length that’s equal to the number of months that remain on a customer’s existing loan. For example, if your existing loan has 48 months left, RateGenius will typically refinance your loan with a loan duration of 48 months. However, term lengths can be shortened or lengthened based on your particular needs.

What Are RateGenius’ Auto Loans Rates?

Regarding offers provided by RateGenius, rates and additional fees can vary.

- Rates start at 2.99% APR.

- A title transfer fee is applicable when refinancing a vehicle and this fee is paid to your state.

- There is no application fee charged by RateGenius.

- A loan processing fee is charged by some lenders.

How Much Money Can I Borrow from RateGenius Auto Loans?

The amount you can borrow depends on the terms of your existing loan, which is information that you’ll be required to provide during the application process.

What Is RateGenius’ Application Process Like?

You can submit an application online or over the phone. You’ll be asked to provide basic information on your current loan, your vehicle and yourself. Then, RateGenius will work with its network of banks and credit unions to find the best financing options that are available to you. After that, the company will contact you by phone, email or standard mail (based on your preferences) to deliver the news.

Once you have an offer that you like, you can complete the refinancing process by reviewing and returning the appropriate loan documents either electronically or through the mail. After the completed documents are received, a check will be sent to your former lender and your vehicle's title will be transferred to the new lender.

How Are RateGenius’ Auto Loans Better than Other Auto Loans?

- RateGenius works with a network of over 150 lenders to provide you with the best refinancing options available.

- The company’s auto division offers loans for cars, trucks, SUVs, motorcycles, RVs and ATVs.

- RateGenius does not charge an application fee.

- RateGenius has an A+ rating from the BBB.

  • Loan Amount
    $7000 - $70000
  • Payment Options
    Automatic Payments
  • APR
    Starting at 2.99%
  • Credit Score Range
    600 - 850
  • Immigration Status Considered
    U.S. Permanent Resident
  • Maximum Vehicle Age
  • Military Status
    • Active Duty Military and Dependents
    • Non-Military
  • Minimum Age
  • Supported Income Types
  • Verification Documents Required?
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Institution Type
  • Approval Speed (Hours)
  • Deferred Payments
  • Joint Loans Available
  • Funding Time
    1-7 days
  • Credit Bureau Reporting
    • Equifax
    • Experian
APR is determined at the time of your application, based on creditworthiness and the loan to value of the vehicle. Rate quoted is the lowest rate for qualified applicants.
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0 votes

I was thoroughly impressed with the timely and professional approach taken by RateGenius. All of my questions were answered promptly and best of all, documents arrived within days. The loan approval was next to immediate and my refinance savings made this a positive outcome. Thanks.

0 votes

Eddie made the process easy and hassle free, and I got a great rate as a millennial trying to get out of debt quick! Recommend for a refinance.

0 votes

RateGenius was fast and provided great customer service. I highly recommend them.

0 votes

Got a letter in mail that I’m pre-approved for re-finance. Gave me multiple options and APR’s and I choose one that best fit my needs. Although it was about 1 point cheaper than my current APR, I feel i benefitted. Less interest and didn’t have to make a payment for 60 days.

0 votes


0 votes

Fast efficient to refinance. However offer only minimal percentage points for refinance.. .01% fixed saved. If you use this company.. Make them work for your business.... request a whole 1 or 2 percent.. Mine was a waste of time...

0 votes

Eddy Sosa help me refinance my car ... provide me with all details ..and answer my questions & concerns ... was very professional, attentive.. also Hector in Eddy absence as well was very patient with me ...and went with all the way reading the papers and sinning, explaining all paragraph.. even after, I call Eddy and help me with any other questions I had.. English or Spanish..

0 votes

RateGenius is an excellent company to deal with. Everything was handled professionally, ethically, and in the manner that was advertised. I could not be more pleased with the excellent way that they handled my account. Rachel J. Mason

0 votes

This was A great experience dealing with people that would talk to you by phone or email, personal one on one. This was refreshing at this day and time

0 votes

RateGenius is good is good company to help somone when you have a problem like me i have the problem about my mortgage i call them with 24 hour they solve my problem that why is good if you have any probalem with refinance your car please call them immentially and low APR

0 votes

The process was painless and quick. Personnel were professional and responded to questions and concerns in a timely manner.

This was a great experience and based on this would highly recommend it.

0 votes

Wow!! That was the easiest lone I have ever gotten. We received a letter in the mail about a lower interest rate. Call RateGenius and in less then two weeks had our loan with a great credit union. Best of all it only cost us $5.00 and that was to join the credit union. Great experience.

0 votes

Great experience overall they strive to be your voice when it comes to finding you the best deal out there. The only snag I had along the way was the number of forms, which they were transparent about. The followed up, and the communication I received was great, I would definitely recommend if you are looking for hassle free refinancing.

0 votes

i did save money on my car insurance and refinancing my car....the process was quick and easy.... representatives return your calls and messages quickly UNTIL the loan is funded after that you have to continously call/message to get a response.... also i referred my dad and his loan was funded jan 20, damn near a month ago and still NO REFERRAL CHECK...... they should continue to return messages AFTER loan has been funded in a timely fashion and shouldnt take a month to get a damn referral check....

0 votes

I am extremely confused about my loan with Rate Genius. I get that they work with other lenders to find you the best loan, but I keep getting charged these fees and no one seems to really know why. I was charged money to open an account with my lender (reasonable) but then was charged a fee to “keep” the account open (what?). I'm so confused!

0 votes

I'm not sure if this mess up was on my part, because I didn't read the fine print. While refinancing, RG bought an expensive warranty for my vehicle. Turns out, the warranty wasn't all it was cracked up to be. I should have read the fine print, but they should have made the terms of the warranty more clear. It is definitely not worth the price I paid for it.

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